Miami Retail and Restaurant
For Sale
$5,680,000
4200 NW 2nd Ave, Miami, FL 33127
Retail and restaurant spaces in upcoming Miami neighborhood for sale.
Property Size7,149 SF
Lot Size0.24 Acres
Price / SF$794.52
Days on Market166
Property Features for 4200 NW 2nd Ave
General Information
Standard status
Active
Size
7,149 SF
Lot size
0.24 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$26,208
Building Details
Building Size
7,149 SF
Year Built
1957
Listing Agency:
Borluv, Inc.
(786) 586-2492
Listed By:
Alexander Boria · License #A12041301
(786) 586-2492
Source:
Elliman
Added: Mar 11
Changed: Aug 21
Last Checked: Aug 23 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Borluv, Inc.
Investment Insights
Based on property information with market context.
This commercial property features 7,149 rentable square feet distributed across three units, situated on a 10,965 square foot lot. Located in an upcoming Miami neighborhood, the corner property is positioned on NW 2nd Avenue, two blocks west of the Miami Design District and two blocks north of Wynwood. The property's location offers proximity to primary transportation links, shopping centers, and dining options. Two of the three units are being permitted for retail use, including a yoga studio. The largest unit is under construction to become a 3,000 square foot restaurant with a patio suitable for outdoor seating. This property is suitable for businesses seeking a strategic location and presents an opportunity for investors or landlords.
Key Highlights
- Strategic location: Corner property, two blocks from Miami Design District and Wynwood.
- High Rental Income Potential: 7,149 rentable Sq.Ft distributed in 3 units.
- Large 3,000 sq. ft. patio ideal for outdoor seating (restaurant unit).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$337,793
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,755,860
$6.8M
Cap Rate 7%
$4,825,614
$4.8M
Cap Rate 9%
$3,753,256
$3.8M
Market Conditions
NOI Build-Up for 7,149 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$457.3K $63.96/SF
− Vacancy
−$6.9K −$0.96/SF
EGI
$450.4K $63.00/SF
− OpEx
−$112.6K −$15.75/SF
NOI
$337.8K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,755,860
Cap Rate 7%
$4,825,614
Cap Rate 9%
$3,753,256
Alternative Uses
Best Use
Specialty Retail
$4.83M
$4.22M – $5.63M
NOI $337,793 @ 7.0% cap · market cap 5.95%
Second Best
Retail
$3.33M
$2.92M – $3.89M
NOI $233,241 @ 7.0% cap · market cap 4.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,419
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and restaurant spaces in upcoming Miami neighborhood for sale.
Where is this retail space located?
The property is located at 4200 NW 2nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $5,680,000.
What are key features of this property?
This property features: Strategic location: Corner property, two blocks from Miami Design District and Wynwood.; High Rental Income Potential: 7,149 rentable Sq.Ft distributed in 3 units.; Large 3,000 sq. ft. patio ideal for outdoor seating (restaurant unit).
